Network security software Market
By Deployment Mode Type (Cloud, On-premise),
By Offering (Solutions[Firewall, anti-virus/malware protection and detection, virtual private network services, unified threat management, Others] Services[Data loss prevention and recovery, consultation, designing and implementation, support and management]),
By Organization Size (Small and Medium Enterprise(SME), Large Enterprise),
By End-Use Industry (IT and telecom, Automotive and industrial, Aerospace and Defense, Healthcare and pharma, Others),
By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa):
Global Analysis and Forecast 2023-2033
The global network security software market showcased revenue of USD 21.76 billion in 2022 and is projected to witness a compounded annual growth rate (CAGR) of more than 14.87% over the forecast period of 2023-2033.
Russia-Ukraine War Impact
About the Market
Impact of COVID-19
Global Economic Slowdown
How is this report helpful
The network security software market protects the user's data and network from breaches, intrusions, and threats. It contains a lot of meaning that describes the hardware and software solutions and processors or rules configurations relating to network use, accessibility, and overall threat protection. Network security is a broad term covering many technologies, devices, and other processes.
As per the analysis over the forecast period, the pre-defined analysis is expected to show a higher growth rate than the network security industry. Network security majorly relies on internet servers for its applications. Network security is a model that enables ubiquitous, convenient, and on-demand network access to proper security under specific rules, regulations, and procedures.
The demand for the network security software market is increasing due to its various applications that trigger more growth in the North American region. There are various benefits of the network security software. One major benefit is that it prevents cybercriminals from gaining access to valuable data and sensitive information. It also builds trust and security for large systems and translates security for everyone in the network. Mitigate the security management risk in the network and also help to the proprietary information. It also enables a more modern workplace, and control access helps protect the network from anti-virus and malware software. Some other benefits are application security and behavioral analytics.
Impact of Russia-Ukraine War on Network Security Software Market
The Russia-Ukraine war directly impacts the global network security software market; however, the European region will witness the highest impact. Increased trade sanctions across the European region, followed by disruption in global trade routes, are one of the major factors imposed due to war and limiting business opportunities. Economic sanctions on multiple countries due to the war between the two countries surge the commodity prices and disturb the trade, supply chain, and trade of the market globally. The war between the two nations has disrupted the chances of economic recovery and slowed down the global market of network security software. Due to the increase in internet consumption, the network security software market would not affect much during the duration of the Russia-Ukraine war cause even though the war was going on, the number of internet users was also increasing. According to the report, China, America, and India have the highest number of internet users. Many of them use network security software for better collaboration, advanced security, and data loss prevention, which enables users to protect themselves from malware and virus and provide application security.
Network Security Software: Market Scope
The network security software market is divided into five segments: deployment mode, offerings, services, organization size, and end-use industry. Furthermore, these segments are subdivided into respective categories and cross-referenced to North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa for regional analysis. Deployment mode is segregated into cloud and on-premise. The offering type segment is segregated into firewall, anti-virus malware protection and detection, virtual private network security, and unified threat management. The service segment is segregated into data loss prevention and recovery, consultation, design and implementation, support and management, and others. The organization size segment is segregated into SMEs and large enterprises. End-use industry of the network security software market is further segregated into aerospace and defense, automotive and industrial, healthcare and pharma, telecommunication and IT, and others. Each of these segments is further classified into regions: North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The historical dataset of 2018-2022 is provided in the report, whereas the forecast period of 2023-2033 is offered.
Cloud will witness the highest growth rate within the offering type segment.
In the network security software market in the offering segment, the cloud will witness the highest market growth in the upcoming period. Cloud network security measures the technology that controls policies and processes that are used to protect public, private, and hybrid cloud networks. Cloud network security is the foundational layer of cloud security, and its major work is to protect the data and its applications and other IT resources that are deployed within the enterprise cloud environments as well as the traffic flowing between cloud deployment and the enterprise's intranet and on-premise data centers. At the same time, on-premise enterprise networks use network security solutions for advanced threat prevention and protection, prevention that restricts access to corporate systems and also helps to enforce the security policy and perform internal segmentation of corporate networks. Cloud networks also provide similar enterprise-grade protection and cloud infrastructure and network to enterprises and users. Some examples of cloud network security services are Google Drive, slack, Salesforce, Microsoft 365, Cisco, and WebEx.
The Solution segment will capture the highest market share between 2023-2033
In offerings, a network security software solutions segment will witness the highest market growth in the upcoming forecast period. Solutions include several other segments firewalls, anti-virus protection and detection, virtual private network, unified threat management, and others. A firewall is a network security device that monitors and filters incoming and outgoing network traffic based on the organization that previously established security. At the same time, anti-virus and malware protection helps to detect and prevent malicious software and viruses on the user's computers and laptops. An anti-virus product is a program designed to protect. It helps to detect and remove viruses and other malicious software from computers. A virtual private network is a kind of service that creates a safe and encrypted online network connection. It helps to give users more security and privacy online anonymity and circumvent geographic-based blocking and censorship.
The large enterprise segment will capture the highest market share in the coming years.
In the organization size type segment, large enterprises will witness the highest growth in the upcoming forecast period. Large enterprises and businesses enable cloud-based platforms to build, test and deploy applications, store data and recover data for backup. Types of cloud-based platform include public cloud and third-party providers that delivers computing resources and services over the Internet to multiple businesses in large enterprises. Enterprise cloud is a computing model where businesses can access virtualized IT resources from both public and private cloud services from the cloud service providers as per the need of the businesses or pay-per-use basis . The majority of large businesses are currently using cloud computing for the storage of data.
The IT and Telecom segment will capture the highest growth rate in the world
IT and telecom will capture the highest market growth rate in the end-use industry type of network security software market in the upcoming forecast period. Network security software helps IT and telecom businesses scale up and down resources such as networks, servers, storage, and data anytime per the use. It also allows businesses to maintain their data on remote servers and also on storage rather than just in-house servers. Network security software has several other benefits in the IT and telecom industry, such as the ability to scale up easily with the current demand and reduce the cost of managing the resources of the server. Several other benefits of network security software in the IT industry are its easy-to-set-up and use immediately feature. It can be accessed remotely through a laptop, computer, or mobile via an internet connection. Also, it's easy to share features at one time. It can be easily shared and accessible with multiple staff members of the organization who are working remotely or work from a home environment. It helps maintain the confidentiality of the information stored in the network. Some examples are file servers, instant messaging, and printing.
North America to witness the highest growth rate during the forecast period.
North-America region is promising a dynamic rise in disposable income, which is expected to trigger growing market consumption of cloud gaming-based games and products. Developed countries like the USA, UK, Germany, and Singapore are exploding with the demand for network security software. The North American region is also witnessing the rising integration of various network security software-related products. This is attributed to the rise in the adoption of high-end technology-based devices and the growing demands of consumers for low-price and efficient technology. Countries like India and China are also moving towards the network security software market to meet the high-end demands of the users. Data transmission and processing are vital for the sustainable development of telecom and other IT industries for high network performance and high subscriber quality of experience. It helps to mitigate risk, build trust among the network users also helps to protect proprietary information, enables a more modern workplace, and gives wide access and control over the network are several other benefits of network security software that are increasing its market scope in North-American region and several other regions also.
Impact of COVID-19 on the Network Security Software Market
COVID-19 had a significant impact on the market of network security software. COVID-19 was an unprecedented global public health emergency that affected almost every industry. During the phase of COVID-19, there was an increase in the global network security software market A huge traffic was created during the pandemic phase as there was a global lockdown; people were locked in their homes, which increased the usage of the internet and consumption of internet-based platforms like network security software market.
Network Security Software: Market Dynamics
The market dynamics section of the report covers a depth analysis of drivers, restraints, and opportunities impacting the network security software market. The report also encompasses major market strategies practiced by the industry, followed by patent analysis, product analysis, competitive benchmarking of companies, various analyses of the artificial intelligence industry, pricing analysis, and geographic competitiveness to provide a detailed understanding. The major players are operating. These companies cumulatively hold most of the artificial intelligence market share and actively undergoes strategic development, such as new product launch, mergers, collaborations, business expansion, acquisitions, and long-term contracts to ensure market penetration. These companies also largely focus on research and development to gain competitiveness in the market. A detailed analysis of these companies is offered in the report.
Driver: Growing interest in technology
The increasing market Demand for network security software is due to its technological advancement, adoption of cloud network-based solutions and computation powers, heavy investments in the start-up economy fuelling R&D within the market, and increasing demand for cloud computing by the end–users to streamline operations. Many companies worldwide are investing in the network security software market. Various factors are driving the network security market. It provides application security to the users, helps with behavioral analytics, enables a modern workplace, and provides access control to the users. Second, the high usage of the internet these days is increasing the market of cloud computing. Internet consumption is increasing day by day in the era promoting the culture of network security software market.
Restrain: Complexity and cost
Network security solutions often involve complex systems that require significant investments in terms of both time and money. Implementing and managing these solutions can be costly and may require skilled professionals, which can limit the adoption of these solutions for some organizations. There are various restraints in the network security software market. Some of the factors that are the restraints in the market are lack of robustness in this market, spread of the virus in computers and laptops, and many times this system faces implementation issues in the network security; lack of productivity is another major issue in this market. Many times, the download of the software is costlier. That is, everyone cannot afford to download or purchase it. There is still a lack of skilled people and experts in this market, which is the reason behind its complex city. Password security, reliability, and availability are the other challenges faced by the network security software industry.
Opportunity: Proliferating demand in emerging economies
The network security software market shows promising opportunities in the North American region and developing countries of other regions. This is largely observed due to increasing disposable income. Consumers are more inclined towards low cost and scalability, its computational mean and reducing workload and also help to reduce capital expenses and internet usage. It also increases the business opportunities to explore new business verticals using growing technology, and innovations in the IT sector are attracting consumers towards technological advances. There is a rise in Internet usage and dependency on network solutions based on Internet servers. Many people are currently spending much on the internet on network security software due to its data security and, application security, behavioral analytics.
Network Security Software Market: Recent Developments
- In August 2022, Avast anti-virus sold users' data to Google, Microsoft, and more.
- In August of 2022, Avast launched AI-based software to block phishing attacks.
- In March 2023, Kaspersky launched new products to ensure digital protection services.
Synopsis: Network Security Software Market
The network security software market study offers revenue and growth data sets of segments provided at the global, regional, and country levels. The report offers the historical data set for 2018-2022 and the forecast period of 2023-2033. For analysis, Quadrant Market Insights (QMI) has segregated the network security software market into four major segments as follows:
By Deployment Mode
- Anti-virus/malware protection and detection
- Virtual private network services
- Unified threat management
- Data loss prevention and recovery
- Designing and implementation
- Support and management
By Organization Size
- Small & Medium Enterprise
- Large enterprise
By End-Use Industry
- Automotive and Industrial
- Aerospace and defense
- Healthcare and pharma
- Telecom and IT
The regional analysis of the network security software market is as follows:
- Rest of Europe
- Rest of Asia-Pacific
Middle East & Africa
- South Africa
- Saudi Arabia
Key players operating in the network security software industry are:
- AT & T
- Avast Software
- McfAee, LLC
- Kaspersky Lab.
- Palo Alto Networks, Inc.
- WatchGuard Technologies, Inc.
Network Security Software Market: Who Should Purchase, and How It Will Help Readers
- The report is best suited for top-level decision-makers, individuals who are supposed to take a leadership role or require market research to start a business, independent researchers, research institutes, and anyone who wishes to gain detailed strategic insights into the network security software market.
- This report provides a qualitative and quantitative analysis of the market segments, current trends, estimations, and dynamics of the network security software market analysis from 2018 to 2033 to identify the prevailing market opportunities.
- Market research and information related to key drivers, restraints, and opportunities are offered.
- Porter's five forces and PESTLE analysis highlight the potency of buyers and suppliers to enable stakeholders' market profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the network security software segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional and global network security software industry trends, key players, market segments, application areas, and market growth strategies.
- The report offers insights from primary interviews and CXOs of major industry players. It also offers a comprehensive contact and event repository to ensure future collaborations among industry stakeholders.
Network Security Software Market: Frequently Asked Questions (FAQ)
Q: How big is the network security software market?
A: The global network security software market showcased revenue of USD 21.76 billion in 2022 and is projected to witness a compounded annual growth rate (CAGR) of more than 14.87% over the forecast period of 2023-2033.
Q: Does the report have several network security software numbers bifurcated by segments and regions?
A: The report offers a total number of network security software market, further bifurcated into segments and regions. Please refer to the TOC page for more information.
Q: What are the major trends in the network security software market?
A:Proliferation within the network security software sector, increase in disposable income in developing regions, and growing awareness of technology and cloud market sector affect network security software market growth.
Q: How can I get the sample Report on the network security software market?
A: The network security software market report sample can be obtained on demand from the website. Also, 24*7 chat support and direct call services are provided to procure the sample report
Q: Is it possible to purchase a specific or customized report as per my needs
A: Yes, it is possible to purchase a specific part of the report or edit the scope of the report at your convenience. Feel free to drop us the mail/talk to our customer support or schedule a conversation to procure a customized report.
- Deployment Mode
- Organization Size
- End Use Industry
- North America
- Latin America
- Middle East & Africa
- Technological advancement and adoption of IoT in various business verticals
- Evolution and ever changing attribute of cyber threats posing continuous vulnerability to systems, and generating demand for new and updated network security solutions
- Rise in regional competition and stringent government norms towards implementation of security solutions, limiting business opportunities
T&T, Avast Software, Cisco, FireEye, IBM, Kaspersky Lab, Microsoft, McAfee LLC, Palo Alto Networks Inc., and WatchGuard Technologies, Inc.